Air Belgium (KF, Brussels Charleroi) has been given another four months to reach an agreement with its creditors under its process of court-led restructuring (Procdure de Rorganisation Judiciaire – PRJ), the company said in an internal document to its employees seen by local media.
When Nivelles Commercial Court near Brussels approved Air Belgiums request to initiate judicial restructuring last September, it gave the airline four months, until January 22, to submit a new business plan. Creditors, including 11,000 passengers awaiting refunds, must now wait until May 13 for news on any redress.
We are progressing well under [the PRJ] but we need to continue, said the document dated early January, adding that it had concluded agreements wit…
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